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World Trade Organization addresses India's concerns, issues revised draft-Surabhi

-The Indian Express Bali: In a landmark attempt to take forward the stalled Doha Round of global trade talks, the World Trade Organization (WTO) on Friday evening issued a revised draft of the Bali package that would address India's concerns on food security and take through the trade facilitation agreement. The draft has proposed an interim solution with a peace clause of four years during which a permanent mechanism will have to...

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Anand Sharma, Commerce and Industry Minister interviewed by The Business Standard

-The Business Standard India remained firm on its stance as World Trade Organization (WTO) negotiations reached the third day in Bali. As Commerce and Industry Minister Anand Sharma ruled out any possibility of a compromise, whispers were already being heard of a possible collapse of the talks. Edited excerpts from the minister's press conference, which invited admiration as well as sharp criticism: * India has exceeded the de minimis requirements of the...

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WTO rules must address food security needs of developing countries –UN expert

-The United Nations A United Nations independent rights expert called today for policy changes that will allow developing countries the freedom to use their reserves to help secure the right to food without the threat of sanctions under current World Trade Organization (WTO) rules. "Trade rules must be shaped around the food security policies that developing countries need, rather than policies having to tiptoe around WTO rules," said Olivier De Schutter, Special...

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India rejects WTO offer on food security rules -Asit Ranjan Mishra

-Live Mint Anand Sharma urges updating of rules under agriculture deal to fix ‘inherent flaws', help developing countries New Delhi: India on Monday rejected the World Trade Organization's (WTO) offer on food security rules in its present form ahead of the biannual ministerial conference of the multilateral trade body beginning Tuesday in Bali, further hardening India's position on the issue. The present draft text prepared in Geneva provides developing countries temporary relief...

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India Inc backs government stance on food subsidy at WTO

-PTI   NEW DELHI: Backing the government's stance on food subsidy at the WTO, India Inc today said it is important to ensure legal entitlement of low-cost ration to the poor in order to achieve all-round development. "For us in India, we have to ring-fence the interest of subsistence farmers and poor by procuring grains at minimum support price (MSP) and ensuring legal entitlement of low-cost ration to the poor," Assocham President Rana...

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